Last week, digital asset investment products saw inflows of $5.95 billion, setting a record for the largest weekly inflow.
BlockBeats News, October 6, according to the latest weekly report from CoinShares, digital asset investment products saw inflows of $5.95 billions last week, marking the largest single-week inflow on record. CoinShares believes that this large-scale inflow is a delayed response to the Federal Reserve's interest rate cuts, and is also driven by weak employment data and concerns over the stability of the U.S. government. Among them, BTC and ETH recorded inflows of $3.55 billions and $1.48 billions respectively, while SOL and XRP attracted $706.5 millions and $219.4 millions in inflows respectively.
From a regional perspective, the United States recorded $5 billions in inflows, setting a new historical high; Switzerland and Germany saw inflows of $563 millions and $312 millions respectively. Driven by positive price trends, the total assets under management in digital assets reached a record high of $254 billions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sources: ByteDance plans to invest $23 billion in the field of artificial intelligence
Lighter selects Chainlink as its official oracle provider
US CFTC files civil enforcement action against Wolf Capital and its founder
Michael Selig sworn in as Chairman of the US CFTC
